Zacks Investment Research cut shares of Park City Group (NASDAQ:PCYG) from a hold rating to a sell rating in a research report sent to investors on Wednesday.
According to Zacks, “Park City Group offers a robust set of solutions and it capitalizes on its prestigious user base as customers rapidly deploy and license additional software for their multi-location businesses. Park City Group was founded by Randy Fields, the co-founder and former chairman of Mrs. Fields Cookies. Public since May 2001, the company’s strategy is to rapidly expand its market share within the grocery and specialty retail sectors. “
Park City Group (NASDAQ PCYG) traded up $0.60 during trading on Wednesday, reaching $11.30. 112,900 shares of the company traded hands, compared to its average volume of 72,475. The stock has a market cap of $210.13, a price-to-earnings ratio of 82.31, a price-to-earnings-growth ratio of 2.32 and a beta of 1.11. Park City Group has a one year low of $8.10 and a one year high of $16.10. The company has a quick ratio of 2.78, a current ratio of 2.78 and a debt-to-equity ratio of 0.05.
Park City Group Company Profile
Park City Group, Inc is a software-as-a-service (SaaS) provider. The Company delivers its services through software products designed, developed, marketed and supported by the Company. The Company also has a Professional Services business, which conducts customization, implementation and training. The Company has approximately two services groups, such as The Business Analytics Group and The Professional Services Group.
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